The Digital Transformational Journey for the Manufacturing Industry

Manufacturing Industry had to go through a lot of challenges
to cater the digital disruption is addition to the tradition challenges listed
below.

·Reaching out to the new market segments

·Reducing the Operational cost and increasing
efficiency

·Reducing the Time to Market

·Ensuring that the logistical operations run
smoothly

But with the advent of Digital revolution, Social Media has
started to play an important role about how customers perceive the brand. Also
more sophisticated tools and means are being used to make the purchase of
products. Thus in order to thrive in the ever complex, challenging environment
and to cater to the market demands; it has become critical that the companies
adopt tools and technologies that allow them to attain the following.

Other domains such as Financial and Service and Telecom has
been relatively quicker in realizing the potential of digitization, but the
manufacturing segment which has some rigid manufacturing methods and few
traditional operating processes has been slower in the digital route.

Significance of Digital innovation in Manufacturing Domain.

·The Simulated Software and Prototyping help to
refine the product design and features so that defect in the product if any can
be detected and removed before the product reaches the market.

·The Collaborative Channels helps to integrate
customer feedback into manufacturing value chain so that the Customers'
expectations are closely met